The shares have been allotted with one Option for every two shares for a total of 25,327,650 Options. The Options to acquire fully paid shares are exercisable up to September 30, 2008 at $0.25 each.
Commonwealth Securities Limited underwrote the issue to the extent of $10 million and completed the raising in accordance with the Prospectus timetable.
Proceeds from the issue will be used to further the Company's exploration interests and for working capital.
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